Thread regarding Oracle Corp. layoffs

Any big layoffs in Q4?

Are there going to be any big layoffs in Q4?

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Post ID: @OP+1lnslWqc

12 replies (most recent on top)

With 8 week Warn notice period requirements in the US, they’d have to notify people first half of March for them to be paid out and off the books before the end of the year. And they wouldn’t do it during the “quiet” period, so I’d guess soon. Or after earnings for APAC. EU in Q1. Takes forever.

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Post ID: @5rqx+1lnslWqc
Any big layoffs in Q4?

Yes, and you are at the top of the list. HTH

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Post ID: @3opy+1lnslWqc

Not expecting anything tomorrow, and a bigger blip next Tuesday, but the 6th of June will be D-day. You heard it here first. D-day.

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Post ID: @3qun+1lnslWqc

Not sure about Q4 RIFs. But there will be the usual annual RIF bloodbath come June 1.

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Post ID: @2ims+1lnslWqc

Why are some employees being given incentives to stay, even when they have offers from other companies?

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Post ID: @1fyf+1lnslWqc
Any big layoffs in Q4?

Absolutely yes. You know it's going to be bad since they're giving this one a name: The Big One

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Post ID: @1jso+1lnslWqc

Next earnings release is March 9th. We will be able to get some idea of how much restructuring budget is left for the FY and which parts of the business it is directed towards. Until then it is mostly guess work and rumors. The last report said they spent about half of their expected restructuring cost so there’s still a lot of room for lay offs.

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Post ID: @1oad+1lnslWqc

Is the sky blue?
Is LJE rich?
Is marketing now called Revenue Ops?
Is Oracle HQ now located in Texas?

You have your answer

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Post ID: @nib+1lnslWqc

Big is a relative word, depending upon whether or not you are the one being shot!

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Post ID: @egf+1lnslWqc

yes , a significant one in March !

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Post ID: @nei+1lnslWqc

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